Can anyone unpuzzle this please
"Looking back 3 months ago"
Sept extension:
15th of Sept, the SP was at $0.072, then jumped to $0.086 the next two days, then dropped back to $0.06, after the extension SP jumped to $0.105 then $0.088 the next trading day.
Nov was the worst month for everything, SP tanked to $0.042 and by early Dec, SP went back to $0.063, two days before the D-day, SP went up to $0.087 punters punting CNP will get another extension.
Dec extension:
Market viewed as a good new and SP went up to $0.165, but dropped the next day and week went back to $0.067.
What I don't understand is, what has changed between 15th of Dec to yesterday 2/1/09? There were no news no apart from no dividend ann.(but we all knew there won't be div. for a long while) Then yesterday she jumped to $0.098.
Looking back at the last two pre-extension closing price the SP was at $0.085~0.087. Yet yesterday she went up to $0.098, I was expecting that sort of SP on the 13/14 of Jan, not yesterday. I thought it was too early for that, not that I am not happy about it, but it just seems too early, beside yesterday's trade was still a thin trade holdiay mode. If it continue to climb at this rate towards the 14th Jan, then the 14th of Jan we might even see $0.16, if that is the case, no news no nothing, that doesn't make sense, I just can't see her getting to $0.16 before the D-day. Any thoughts on that? If my thinking serves right, might have a few oppt. to day trade her a few more times before the Trading Halt.
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